What are fringe benefits?
Expenditures made by the employer for legally required and voluntary fringe benefit programs for employees. Legally required fringe benefits includes all programs required under Federal and State legislation such as FICA, unemployment tax, workers' compensation, and state disability payments. Voluntary fringe benefits includes programs not specifically required by Federal or State legislation, such as employer contributions to pension plans and life and health insurance premiums for employees.
For more information, visit the Business Expenses website.